Iraq to help out Jordan with free natural oil

28 Nov 2012

Iraq announced that it is giving the neighbor country Jordan 100,000 barrels of oil as a gift in order to help overcome its economic hurdles. As Jordan is facing some economic difficulties in recent days, the neighboring Iraq is taking a kind approach to help Jordan out.
The decision taken by the Cabinet can be seen as an effort by the Shiite-led Iraqi government to give a gentle proposal to support to one of its Sunni neighbors. Hundreds of thousands of Iraqi have shifted to Jordan because of the bloodshed caused by the U.S. army force during the attack in 2003 in Iraq.
Jordan announced hikes in gas and fuel prices, this month and flashing nationwide protests that turned brutal in some areas. They comprised unparalleled calls on Jordan’s King Abdullah II to step down.
According to a deal with Iraq, Jordan buys 15,000 barrels of oil a day, with privileged prices of less than $18 a barrel, about one-fifth of the present market price of oil.
Source: [Seattle Times]